Reliance Retail Targets Doubling Business in 3-4 Years

Reliance Retail, India's leading retailer, aims to double its business within the next 3-4 years, according to Isha Ambani. The company has crossed Rs 3 lakh crore in revenue for FY24 and has a unique operating model, extensive supply chain, and strong customer base driving its growth.

Reliance Retail, a dominant force in India's retail sector, has set an ambitious goal to double its business in the next 3-4 years, as revealed by Isha Ambani, Director of Reliance Industries, during the company's recent AGM.

The retailer has made significant strides, surpassing the Rs 3 lakh crore revenue mark in FY24. Three of its private labels have already achieved annual sales of over Rs 2,000 crore each, while others have crossed the Rs 1,000 crore threshold. The customer base has also reached a milestone of 300 million registered users.

With a robust business model and a valuation exceeding USD 100 billion, Reliance Retail plans to expand into the luxury jewellery market and explore opportunities in fashion jewellery and accessories. The company operates over 18,836 stores nationwide and is leveraging deep tech and AI to enhance its supply chain and customer experience.

(With inputs from agencies.)